Keeping your assets in your trust.
I started a theme last month, which has to do with making sure your assets are in your trust. This goes for real property as well as other forms of property. Last month I wrote about making sure that real property you own in states other than California is re-titled in your names as trustees of your trust. Let’s step back a minute and review what the legal term “property” refers to. Often people say they have no “property” because they don’t own real estate, or because they have not yet paid off their mortgage. Legally, there are several types of property and everyone has something. Real...
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